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Something Is Up With 38 Studios

by Jim Reilly on May 14, 2012 at 06:29 PM

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The developer behind Kingdoms of Amalur: Reckoning could be in some trouble, according to local Providence, R.I. reports

Reports from WRIP and the Providence Journal say state governor Lincoln Chafee met with officials from 38 Studios Monday night to discuss the company's current financials. 38 Studios received a $75 million taxpayer-backed loan in 2010 from the state under the condition it would move to Rhode Island from Massachusetts.

The reports haven't been clear, but they strongly suggest the studio is in some kind of financial difficulty. The governor reportedly said he was working with officials in "keeping 38 Studios solvent."  

“We’re concerned and just doing everything possible to ensure that 38 Studios stays part of the Rhode Island community,” Governor Chafee told Monday night. “We’re working on different issues with them.” When asked whether he thinks 38 Studios can be stabilized, Chafee told WPRI “We’re working on it.”

Game Informer has contacted 38 Studios for comment.

[Source: WPRI, Providence Journal]